LIEB BLOG

Legal Analysts

Sunday, January 02, 2011

NAR Code of Ethics Quadrennial Requirement

Yes, Realtors must take an ethics course approved by NAR every 4 years. The Quadrennial Requirement must be a minimum of 2 1/2 hours & must focus on the NAR Code, not NYS Ethical Rules. No, the course has nothing to do with the 22.5 hours of continuing education that is required by the DOS. In fact, NAR has nothing to do with your license, which is maintained by the DOS. Sometimes courses satisfy both requirements; meaning a course can count towards your 22.5 hours & satisfy the NAR Code of Ethics Quadrennial Requirement. Nonetheless, if you have completed your 22.5 hours from the New York DOS to maintain your license & need the 2 1/2 hour NAR course, NAR offers a free course on their website.

Click here to take the NAR course.

3 Tools Realtors Can Use to Increase Sales on the Web

I'm passing along an interesting article about 3 recommendations that Real Estate agents can leverage to increase sales and customer experience on the web.

http://bit.ly/gypZiC

Friday, December 24, 2010

Merry Christmas says Santa Paterson - Governor increases Bankruptcy Homestead Exemption

Long Islanders filing bankruptcy can now protect $150,000 for individuals and $300,000 for couples in home equity if they file for bankruptcy. This is in contrast to the $50,000 and $100,000 previously available. This is a huge change and a huge chance for a fresh start for many homeowners with equity. If you haven't considered bankruptcy because your house has a lot of equity, but you are otherwise strapped with bundles of credit card debt, this one is for you. Thank you Santa Paterson.

To read the law, click here.

Also, for all you contractors out there, the new law also increases the exemption from bankruptcy for tools of the trade from $600 to $3,000. So, now you can keep working after a bankruptcy with your tools by your side.